Hot Property

Do you need money to be a bank?

  WASHINGTON, DC – The Federal Housing Finance Agency has sent to the Federal Register this interim final rule. The rule implements sections of the Housing and Economic Recovery Act of 2008 (PL 110-289) HERA, which required their submission within 180 days of its enactment on July 30, 2008.   Federal Home Loan Banks Capital Classifications [...]

Builders Urge Congress to Focus on Housing Stimulus

The National Association of Home Builders (NAHB) launched an all-out effort less than 24 hours after members of the 111th Congress were sworn into office to make housing a centerpiece of the massive economic stimulus package that lawmakers are expected to complete by mid-February. Builders from across the country converged on Capitol Hill yesterday to meet [...]

4 Point Housing Stimulus Plan being presented to Congress

Team Sumberg, other Realtors and the National Association of Realtors will ask congress to pass a 4 Point Housing Stimulus Bill in November, after the elections.  Here in the Tampa Bay area, these 4 changes will make a huge difference in our housing market! 1. Remove the requirement in the current law that first-time homebuyers [...]

President Busch just signed the Housing Stimulus Bill

H.R. 3221, the “Housing and Economic Recovery Act of 2008,” passed the House on July 23, 2008, by a vote of 272-152. On Saturday, July 26, 2008, the Senate passed the bill by a vote of 72-13. The President signed the bill on July 30, 2008. The bill includes the following provisions: GSE Reform – [...]